Question map
India's ranking in the 'Ease of Doing Business Index' is sometimes seen in the news. Which of the following has declared that ranking?
Explanation
The Ease of Doing Business Report is published annually by World Bank.[1] The report is based on studies to analyze 10 quantitative indicators as to whether regulation enhances or lowers down business activity.[1] Higher ranking of a country in this list means that its regulatory environment is more conducive to and favourable for undertaking businesses.[1]
The other options are incorrect because:
- **Option A (OECD)**: The Organization for Economic Cooperation and Development conducts economic surveys but does not publish the Ease of Doing Business Index.
- **Option B (World Economic Forum)**: The WEF publishes the Global Competitiveness Report, which is a different index altogether.
- **Option D (WTO)**: The World Trade Organization focuses on international trade rules and dispute resolution, not on ranking countries' domestic business environments.
Therefore, the World Bank is the correct answer as it is the sole publisher of the Ease of Doing Business Index.
Sources- [1] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Doing Business Report > p. 527
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This question can be broken into the following sub-statements. Tap a statement sentence to jump into its detailed analysis.
- Statement 1: Did the Organization for Economic Cooperation and Development (OECD) declare or publish India's Ease of Doing Business Index ranking in 2016?
- Statement 2: Did the World Economic Forum declare or publish India's Ease of Doing Business Index ranking in 2016?
- Statement 3: Did the World Bank declare or publish India's Ease of Doing Business Index ranking in 2016?
- Statement 4: Did the World Trade Organization (WTO) declare or publish India's Ease of Doing Business Index ranking in 2016?
- Explicitly identifies the 'Ease of Doing Business Report' as published annually by the World Bank.
- States the report is also known as the Ease of Doing Business Report (i.e., the index/report is a World Bank product).
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